Global demand for the Residue Testing market was valued over USD 3 Billion in 2019 and is expected to reach a CAGR of 6.10% between 2019 and 2025.
This report analyzes and estimates the Residue Testing market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with forecast from 2020 to 2025 based on value (USD Billion). The report offers detailed insights of the Residue Testing market drivers and restraints along with their impact analysis at global level from 2015 to 2025.
The report covers in-depth analysis of the strategies adopted by major competitors in the global Residue Testing market. To understand the competitive landscape in the global Residue Testing market, an analysis of Porter’s Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.
The research study provides a decisive view on the global Residue Testing market based on Type, Technology, Food Tested, and Region. All the segments of the market have been analyzed based on the past, present, and future trends. The market is estimated from 2019 to 2025.
Growing incidences of foodborne disease outbreaks and the rising cases of toxicity and adulteration cases have escalated the threat to food safety. Thus, the demand for residue testing techniques is likely to increase during the forecast period. In addition, the inclination of consumers toward premium quality food has propelled high technological developments, which are, thereby, fuelling the Residue Testing market in developed nations. The advanced surveillance and detection techniques have attributed to the growth of food safety testing scenarios, specifically in the developed countries like the U.S. The consumers trust the Residue Testing market more owing to the safety certifications and agreements undertaken by the food processing firms and food service organizations. Moreover, the increasing awareness among the consumers regarding food safety along with the increasing government initiative programs is also driving the global Residue Testing market.
In addition, the increasing demand for the detection of contaminants such as pesticide residues, food allergens, toxins, pathogens, and heavy metals is predicted to augment the growth of the targeted market. The increasing export of agricultural products by many countries has propelled the adoption of residue testing over the years. Likewise, the food manufacturers and government authorities scan imported foods to check for the permitted maximum residue levels (MRLs) and this task is projected to boost the Residue Testing market.
On the basis of type, the global Residue Testing market is divided into Pesticides Residues, Toxins, Heavy Metals, Food Allergens, and Others. Based on technology, the market is sectored into Chromatography, Spectroscopy, Immunoassay, and Others. In terms of food tested, the market for residue testing is segregated into Meat & Poultry, Dairy Products, Processed Food, Fruits & Vegetables, Cereals, Grains & Pulses, Nuts, Seed & Spice, and Others. The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.
Some of the key players of the global Residue Testing market include Silliker Inc., SGS S.A., Bureau Veritas S.A., Intertek Group Plc., Eurofins Scientific, AsureQuality Laboratories, ALS Limited, and Microbac Laboratories, Inc., among others.
The report on the global Residue Testing market is divided into:
Global Residue Testing Market: By Type Segmentation Analysis
Global Residue Testing Market: By Technology Segmentation Analysis:
Global Residue Testing Market: By Food Tested Segmentation Analysis
Global Residue Testing Market: By Regional Segmentation Analysis